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sertanlavr [38]
2 years ago
12

Jerry lives in New Mexico and makes $52,000 a year. If the median annual income in New Mexico is $53,731 and the median annual i

ncome in the United States as a whole is $50,233, is Jerry likely to qualify for Chapter 7 bankruptcy?
Business
2 answers:
MAVERICK [17]2 years ago
8 0
Yes, Jerry is likely to qualify, since his yearly income is below the median annual income of New Mexico.
Anna [14]2 years ago
3 0

Answer:

Yes, Jerry is likely to qualify for Chapter 7 bankruptcy

Explanation:

A requirement to qualify for Chapter 7 bankruptcy is to have an income that is below the median level in the state that the person lives. So, considering that the median annual income in New Mexico is $53,731 and Jerry makes $52,000, he is likely to qualify for Chapter 7 bankruptcy.

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Home Bepot Inc. has a cost of equity of 11.3 percent. The company has an aftertax cost of debt of 4.9 percent, and the tax rate
ivolga24 [154]

Answer: 8.60%

Explanation:

Weighted Average cost of capital = (Cost of equity * Weight of equity) + (After tax cost of debt * Weight of debt)

Weight of debt = Debt-equity ratio / (1 + Debt-equity ratio)

= 73% / (1 + 73%)

= 42.1965%

Weight of Equity = 1 / (1 + Debt - equity ratio)

= 1 / 1.73

= 57.8035%

WACC = (11.3% * 57.8035%) + (4.9% * 42.1965%)

= 8.60%

7 0
3 years ago
What is return on​ investment? A. The amount of income an investment center earns relative to the size of its assets B. Excess i
damaskus [11]

Answer:  Option A

                   

Explanation:  In simple words, return on investment refers to the mount of profit that an investor earns in relation to the cost he or he incurs by undertaking an investment.

It is used as a performance measure to evaluate the efficiency and effectiveness of a project by comparing it with other investments having some characteristics.

Hence from the above we can conclude that the correct option is A .  

3 0
3 years ago
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
fgiga [73]

Answer and Explanation:

The Journal entry is shown below:-

1. Inventory Dr, $1,800

       To accounts payable $1,800

(Being purchase of calculators on account is recorded)

2. Inventory Dr, $50

     To cash $50

(Being inventory is recorded)

3. Accounts payable Dr, $51

     To inventory $51

(Being return of calculators is recorded)

4. Accounts Receivable $670

     To Sales revenue $670

(Being sales revenue is recorded)

5. Cost of Goods Sold Dr, $460

     To Inventory $$460

(Being cost of goods sold is recorded)

6. Sales returns Dr, $40

     To Accounts receivable $40

(Being goods returned by customer is recorded)

7.  Inventory Dr, $28

     To Cost of Goods Sold $28

(Being cost of goods sold returned is recorded)

8. Cost of Goods Sold Dr, $780

      To Sales revenue $780

(Being cost of goods sold is recorded)

9. Cost of Goods Sold Dr, $560

      To inventory $560

(Being cost of goods sold is recorded)

8 0
3 years ago
When a case is appealed, the court of appeals decides the case solely based upon?
finlep [7]
<span>Question of law, also known as point of law. It is a question that must be answered by applying relevant legal principles to interpretation of the law. Answers to questions of law are normally expressed in broad legal principles and can be applied to many situations rather than particular circumstances or factual situations.</span>
3 0
3 years ago
In carrying out market research for a locality, you collect data on income levels, life style characteristics,
Mariana [72]

The correct answer is letter D.<span>

<span>The description above is an example of a collection of demographic information. This refers to characteristics of a certain population in particular geographic location. Race, gender, age, profession, among others, are typical examples of demographics that are commonly used in surveys. </span></span>

5 0
3 years ago
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